The Dubai Gold and Commodities Exchange (DGCX), has announced its partnership with a software testing services provider, Cigniti Technologies to obtain quality testing tools for its technology platform upgrade.

In the official press release, DGCX mentioned that the new selection will enable the exchange to receive quality testing from Cigniti on various marketplace solutions that will replace applications currently in use by DGCX.

The Exchange aims to reduce the testing time of applications with the help of Cigniti’s acceptance test. The new test will cover functional as well as non-functional testing including trading, clearing, pre-trade risk management, market intelligence, quality assurance and surveillance.

Commenting on the matter, Les Male, CEO at DGCX Group, said: “Innovative digital solutions form a key part of the DGCX’s efforts to maintain operational excellence and continue to deliver unparalleled efficiencies. Nowhere is this more evident than in our technology agreement with Nasdaq Market Technology, which is ultimately aimed at enabling us to provide our members as well as their clients with increasingly sophisticated levels of service performance. Our most recent announcement of Cigniti as our strategic quality assurance provider reinforces these efforts. We are confident that these agreements and subsequent testing will ultimately provide an improved user experience for our members, which are at the heart of every decision that we make.”

Innovative Technology

DGCX has positioned itself as a prominent derivatives exchange in the region and played a major role in introducing innovative technologies for trading and clearing. With the new partnership, DGCX plans to move along with the up-gradation of its technology platform by keeping strategic quality assurance through Cigniti’s testing tools.

“We are excited to partner with the UAE region’s largest commodity derivatives exchange, DGCX. This would further strengthen our position in the financial services market. The capital markets are based on real-time data and are increasingly complex. Convenience, speed, reliability, security and efficiency are key to create a transparent and open environment. This requires end-to-end testing of digital applications for better performance and user experience,” Srikanth Chakkilam, CEO at Cigniti Technologies said in a statement.